MSFT - The share price of Microsoft (MSFT) has been on a bit of a roller coaster ride in 2023. As of July 26, 2023, the stock is trading at $347.11. This is up from a low of $328.60 on June 26, 2023, but down from a high of $366.78 on July 18, 2023.
On a year-to-date basis, MSFT is up about 10%. However, the stock is still down about 15% from its all-time high of $390.54, which was set in November 2021.
The overall stock market has been volatile in recent months, as investors have been concerned about rising inflation and the potential for a recession. Second, Microsoft has been facing some challenges in its cloud business. In particular, Amazon Web Services (AWS) has been growing faster than Microsoft Azure.
Despite these challenges, Microsoft remains a strong company with a bright future. The company is well-positioned to benefit from the continued growth of the cloud computing market. Additionally, Microsoft is investing heavily in new growth areas, such as artificial intelligence and cybersecurity.
Overall, the outlook for MSFT's share price in 2023 is positive. The stock is trading at a reasonable valuation, and the company is well-positioned for long-term growth. However, there are some near-term risks that could weigh on the stock price, such as the potential for a recession
The share price of Alphabet (GOOGL) has been on a slight downward trend in 2023. As of July 26, 2023, the stock is trading at $122.21. This is down from a high of $127.10 on July 17, 2023, but up from a low of $116.14 on July 11, 2023.
On a year-to-date basis, GOOGL is down about 6%. However, the stock is still up about 30% from its all-time low of $90.11, which was set in March 2020.
There are a few factors that have contributed to the decline in GOOGL's share price in 2023. First, the overall stock market has been volatile in recent months, as investors have been concerned about rising inflation and the potential for a recession. Second, Alphabet has been facing some challenges in its advertising business. In particular, the company has been losing market share to TikTok and other short-form video platforms.
Despite these challenges, Alphabet remains a strong company with a bright future. The company is well-positioned to benefit from the continued growth of the digital advertising market. Additionally, Alphabet is investing heavily in new growth areas, such as cloud computing and artificial intelligence.
Overall, the outlook for GOOGL's share price in 2023 is mixed. The stock is trading at a reasonable valuation, and the company is well-positioned for long-term growth. However, there are some near-term risks that could weigh on the stock price, such as the potential for a recession.
Here are some analyst price targets for GOOGL in 2023:
Morgan Stanley: $136
Goldman Sachs: $135
Jefferies: $130
Barclays: $125
These price targets suggest that analysts believe GOOGL has some upside for the rest of this year
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